Gothenburg, Sweden-based electric vehicle innovator Polestar (Nasdaq: PSNY) has secured a $200 million equity investment from PSD Investment Limited, a long-time backer and an entity controlled by Eric (Shufu) Li, founder and chairman of Geely Holding Group. The strategic capital injection will be used in Polestar’s growth trajectory as it scales up operations, launches new…
Wayve Technologies, a U.K.-based artificial intelligence startup backed by SoftBank, has tapped Japan as the next location in its global expansion. On Tuesday, it announced the opening of a test center in Yokohama, making Japan its fourth market after the U.K., U.S. and Germany as it looks to work with major carmakers in developing AI-driven…
Angel investing is somewhat of a mystery to many. Where does their money come from? How do they spot a good startup? How does the market and politics impact their investments? However, small business owners and entrepreneurs know that an angel investor’s insights might hold the key to their big break. On this week’s episode…
PARIS — French President Emmanuel Macron tried to brush off any indication that there were hard feelings over billionaire tech mogul Elon Musk’s decision not to attend the French president’s showpiece artificial intelligence summit in Paris. “It’s normal, he now has federal responsibilities and he’s working on his task of simplifying the American administration,” Macron…
France’s AI champion Mistral AI is a French political darling, with French President Emmanuel Macron greeting its free application for its Le Chat chatbot last week with an enthusiastic post, declaring “vive Le Chat!” The French government has also stepped up its support for the flagship startup with a series of contracts. Over the past…
The U.S. president last week unveiled a $500 billion project to build infrastructure needed to cement American AI dominance in the years to come — but the Chinese app’s showing could call into question the efficacy of the investment, as DeepSeek was able to achieve its results at a much lower cost. “The release of…
Today, DeepSeek is one of the only leading AI firms in China that doesn’t rely on funding from tech giants like Baidu, Alibaba, or ByteDance. A Young Group of Geniuses Eager to Prove Themselves According to Liang, when he put together DeepSeek’s research team, he was not looking for experienced engineers to build a consumer-facing…
To fix that, several startups launched niche dating apps—some puzzling, others entirely predictable—designed to satisfy unique needs, with many of them built around the promise of AI. Volar, created by a former product director at Snap, uses a chatbot to message back and forth with potential daters on your behalf. There’s also Rizz, Iris, and…
SpaceX and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction valuing Elon Musk’s rocket and satellite maker at about $350 billion, according to an internal email seen by Bloomberg. The per-share price of $185 is up substantially from the $112 set in a prior valuation less…
Elon Musk’s xAI has raised $6 billion in new capital, according to a regulatory filing, wrapping up a funding round that has been in the works for months and was said to value the artificial intelligence startup at more than $40 billion. The equity financing came from 97 investors, and includes stakes as small as…